The market place has many different lubes and oils that all claim to be the best. I have used several over the years and here is my opinions. First I think that it would be good to break this up into Greases and Oils.
Greases need to have the following characteristics:
- Stay where you put it
- Provide protection from water intrusion
Grease is used on gears, non spool bearings, drag washers, internal moving parts. Each has a little different need. It is generally accepted that drag washers should be greased and the preferred grease is a composite silicone grease from Cal Sheets, called Cal’s Drag grease. Comes in two formulations based on the average temperature that your reel will be used in. The packaging states that you can use it on all internal parts. Personally I use it on just the drag washers as it is pretty heavy. Seals out water and smooths the drag start up over the range.
All other internal parts and non spool bearings I have traditionally used Yamalube which is a marine grease that has all the anti corrosion and lubrication characteristics you need. Recently, I have changed over to a super high grade anti corrosion grease from CorrosionX. Here is a short list of greases that are on the market:
Hot Sauce, Reel Butter, Shimano Drag grease, Penn blue grease, Daiwa Reel Grease.
Oil differs from grease as its used in different areas. The primary area oil is used is in bearings. In star drag reels where casting is important and high speed bearings and bushings need light fast lubrication, a lighter low viscosity oil is helpful in getting the bearing to spin the fastest but will require reapplication sooner. In trolling reels spool bearing oil can be thicker as there is no need to cast them. I used yellow Rocket Fuel for years with good results. I started using TSI-321 about two years ago and will not use anything else. It is high speed and has good protective qualities. In areas other than than spool bearings that call for oil I use another CorrosionX product call ReelX. Here is a list of oils that are commonly used and sold by the manufactures:
Hot Sauce Oil, Shimano Oil, Daiwa Oil, Penn Oil, TG Rocket Fuel, Hedgehog Alchemy Oil, 3 & 1 oil, Remington Oil, Livre Oil, and many others.